Rgv Genesis Drum And Bugle Corps Inc
EIN: 271215254 · Austin, TX · NTEE: A68
| Metric | Value |
|---|---|
| Total Revenue | $808K |
| Total Expenses | $887K |
| Net Assets | $-22,098 |
Is Rgv Genesis Drum And Bugle Corps Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rgv Genesis Drum And Bugle Corps Inc
Rgv Genesis Drum And Bugle Corps Inc (EIN: 271215254) is a nonprofit organization based in Austin, TX, classified under NTEE code A68. The organization reported total revenue of $808K and total assets of $324K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rgv Genesis Drum And Bugle Corps Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rgv Genesis Drum And Bugle Corps Inc is a small nonprofit that has been operating for 16 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $860K |
| Total Expenses | $887K |
| Surplus / Deficit | $-27,096 |
| Total Assets | $618K |
| Total Liabilities | $640K |
| Net Assets | $-22,098 |
| Operating Margin | -3.2% |
| Debt-to-Asset Ratio | 103.6% |
| Months of Reserves | 8.4 months |
Financial Health Grade: C
In 2023, Rgv Genesis Drum And Bugle Corps Inc reported a deficit of $27K with expenses exceeding revenue, holds 8.4 months of operating reserves (strong position), has a debt-to-asset ratio of 103.6% (high leverage).
Financial Trends
Over 11 years of filings (2011–2023), Rgv Genesis Drum And Bugle Corps Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +102.1% | +225.9% | +212.4% |
| 2020 | -16.3% | -46.4% | -7.0% |
| 2019 | -15.8% | -15.6% | +8.0% |
| 2018 | +2.2% | +17.2% | -14.2% |
| 2017 | +2.8% | -5.3% | +80.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rgv Genesis Drum And Bugle Corps Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rgv Genesis Drum And Bugle Corps Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $27K, with expenses exceeding revenue.
- Debt-to-asset ratio: 103.6%.
Frequently Asked Questions about Rgv Genesis Drum And Bugle Corps Inc
Is Rgv Genesis Drum And Bugle Corps Inc a legitimate charity?
Rgv Genesis Drum And Bugle Corps Inc (EIN: 271215254) is a registered tax-exempt nonprofit based in Texas. It has 11 years of IRS 990 filings on record. Total revenue: $808K. No red flags identified. Financial health grade: C.
How does Rgv Genesis Drum And Bugle Corps Inc spend its money?
Rgv Genesis Drum And Bugle Corps Inc reported $808K in total revenue in IRS 990 filings. 11 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Rgv Genesis Drum And Bugle Corps Inc tax-deductible?
Rgv Genesis Drum And Bugle Corps Inc is registered as a tax-exempt nonprofit (EIN: 271215254). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rgv Genesis Drum And Bugle Corps Inc located?
Rgv Genesis Drum And Bugle Corps Inc is headquartered in Austin, Texas and files with the IRS under EIN 271215254. It is classified under NTEE code A68.
How many years of IRS 990 filings does Rgv Genesis Drum And Bugle Corps Inc have?
Rgv Genesis Drum And Bugle Corps Inc has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $808K in total revenue.
Filing History
IRS 990 filing history for Rgv Genesis Drum And Bugle Corps Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Rgv Genesis Drum And Bugle Corps Inc's revenue has grown by 485.3%, moving from $147K to $860K. Total assets increased by 1200.5% over the same period, from $48K to $618K. Total functional expenses rose by 619.1%, from $123K to $887K. In its most recent filing year (2023), Rgv Genesis Drum And Bugle Corps Inc reported a deficit of $27K, with expenses exceeding revenue. The organization holds $640K in liabilities against $618K in assets (debt-to-asset ratio: 103.6%), resulting in net assets of $-22,098.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $860K | $887K | $618K | $640K | — | View 990 |
| 2020 | $426K | $272K | $198K | $179K | — | View 990 |
| 2019 | $508K | $507K | $213K | $185K | — | View 990 |
| 2018 | $604K | $601K | $197K | $205K | — | View 990 |
| 2017 | $591K | $513K | $230K | $208K | — | View 990 |
| 2016 | $575K | $542K | $127K | $70K | — | View 990 |
| 2015 | $534K | $518K | $146K | $112K | — | View 990 |
| 2014 | $458K | $402K | $218K | $162K | — | View 990 |
| 2013 | $324K | $299K | $86K | $0 | — | View 990 |
| 2012 | $201K | $221K | $72K | $0 | — | View 990 |
| 2011 | $147K | $123K | $48K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $860K, expenses of $887K, and assets of $618K (revenue +102.1% year-over-year).
- 2020: Revenue of $426K, expenses of $272K, and assets of $198K (revenue -16.3% year-over-year).
- 2019: Revenue of $508K, expenses of $507K, and assets of $213K (revenue -15.8% year-over-year).
- 2018: Revenue of $604K, expenses of $601K, and assets of $197K (revenue +2.2% year-over-year).
- 2017: Revenue of $591K, expenses of $513K, and assets of $230K (revenue +2.8% year-over-year).
- 2016: Revenue of $575K, expenses of $542K, and assets of $127K (revenue +7.7% year-over-year).
- 2015: Revenue of $534K, expenses of $518K, and assets of $146K (revenue +16.7% year-over-year).
- 2014: Revenue of $458K, expenses of $402K, and assets of $218K (revenue +41.1% year-over-year).
- 2013: Revenue of $324K, expenses of $299K, and assets of $86K (revenue +61.0% year-over-year).
- 2012: Revenue of $201K, expenses of $221K, and assets of $72K (revenue +37.1% year-over-year).
- 2011: Revenue of $147K, expenses of $123K, and assets of $48K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rgv Genesis Drum And Bugle Corps Inc:
Data Sources and Methodology
This transparency report for Rgv Genesis Drum And Bugle Corps Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.